Samalin Investment Counsel LLC Makes New $307,000 Investment in APA Co. (NASDAQ:APA)

Samalin Investment Counsel LLC acquired a new stake in APA Co. (NASDAQ:APA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,301 shares of the company's stock, valued at approximately $307,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. TD Private Client Wealth LLC boosted its position in APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock valued at $29,000 after acquiring an additional 540 shares in the last quarter. Riverview Trust Co boosted its position in APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock valued at $30,000 after purchasing an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after purchasing an additional 586 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in shares of APA during the fourth quarter valued at about $35,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of APA by 93.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock valued at $37,000 after buying an additional 780 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Raymond James lowered shares of APA from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $45.00 to $32.00 in a research note on Monday, March 10th. The Goldman Sachs Group decreased their price objective on APA from $25.00 to $22.00 and set a "sell" rating for the company in a report on Friday, January 3rd. Barclays reduced their target price on APA from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. Susquehanna lowered their price target on APA from $33.00 to $31.00 and set a "positive" rating for the company in a report on Monday, March 3rd. Finally, Piper Sandler decreased their price objective on shares of APA from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, APA currently has a consensus rating of "Hold" and an average price target of $28.60.

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APA Price Performance

Shares of APA stock traded up $0.05 on Tuesday, reaching $20.89. The company's stock had a trading volume of 5,972,485 shares, compared to its average volume of 6,461,746. APA Co. has a 52-week low of $17.66 and a 52-week high of $36.05. The company has a market capitalization of $7.61 billion, a P/E ratio of 2.95 and a beta of 3.26. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average price of $21.82 and a 200-day moving average price of $22.97.

APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a return on equity of 27.86% and a net margin of 24.36%. The company had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.31 billion. Analysts expect that APA Co. will post 4.03 EPS for the current year.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.79%. The ex-dividend date is Tuesday, April 22nd. APA's payout ratio is 44.25%.

APA Company Profile

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.